The cryptocurrency platform Backpack has begun offering derivative trading services for users from European Union countries through its regulated European subsidiary. This includes the launch of perpetual futures, allowing EU traders to access a wide range of instruments in the digital asset market.
This is reported by Finway
Launch Details and Key Features of the Service
According to official information, the launch was made possible after Backpack acquired FTX EU Ltd in early 2025. Following this deal, the platform committed to returning assets to FTX EU clients and began processing relevant requests in May 2025. The new service fully complies with current EU regulatory requirements, as Backpack EU operates under the MiFID II directive. Users are offered over 40 trading pairs with the possibility of leveraging up to 10x. The company also plans to expand the list of trading instruments in the future.
“After fulfilling our promise to return funds to former FTX EU clients, we are starting our journey to create one of the first fully regulated platforms for trading crypto derivatives in Europe, beginning with perpetual futures.”
Backpack’s Plans and New Opportunities for Traders
CEO Armani Ferrante emphasized that Backpack’s entry into the EU market comes at a time when global regulators are implementing clearer compliance standards, and institutions are actively adopting cryptocurrencies. However, even with these changes, traders still lack sufficient regulated platforms to meet their demand for crypto derivatives.
It is worth noting that in July 2025, Backpack already introduced a service for direct trading of claims against the bankrupt FTX exchange, which expanded the range of services for participants in the digital asset market.